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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Post by hydrocarbsson Dec 01, 2020 9:11pm
900 Views
Post# 32015493

Comparing the Kavango to the Permian

Comparing the Kavango to the PermianThe Kavango has been compared to the Permian.

To appreciate the Permian one might recognize that it has been drilled and producing crude oil since the 1920's.  All those wells were, what are termed, conventional. For over 80 years the Permian produced crude without the benefit of a horizontal well.  

A bit of Permian history 

I would think that RECO will work to prove the existance of crude.

If it is proved, so many opportunities exist.  Sell some, keep some.  

(The Greenies are going to be formidable.)  Ohh, take the money and run.
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